Yields on gov’t debt decline on central bank’s move
YIELDS ON government securities (GS) ended lower last week following a surprise 50-basis-point (bp) cut by the Bangko Sentral ng Pilipinas (BSP) on Thursday.
Peso strengthens past P50/dollar after BSP easing
The peso strengthened past the P50 to the dollar level after the latest round of easing from the central bank and as market participants...
Rediscount rates lowered after rate cut
The central bank's rediscount rate has been lowered to reflect the latest adjustment in the benchmark interest rates.
"The rediscount rate for loans under the...
Sun Life rolling out programs for MSMEs, overseas Filipino workers
SUN LIFE of Canada (Philippines), Inc. is looking to expand its reach to micro, small and medium enterprises (MSMEs) and overseas Filipino workers (OFWs) affected by the fallout from the coronavirus pandemic.
The resilience of remittances
By J. Albert Gamboa
In the World Bank’s 2019 Migration and Development Brief, the Philippines ranked as the world’s fourth-largest remittance destination after India, China, and Mexico, while among the top originating countries of senders were the US, Singapore, and Hong Kong.
Peso moves sideways ahead of BSP policy meeting
THE PESO closed sideways versus the greenback on Thursday as investors awaited the central bank’s monetary policy decision, which came after the market’s close.
Term deposit yields dip ahead of BSP’s policy-setting meeting
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposit facility (TDF) dipped as the market awaits the decision of the Monetary Board’s policy-setting meeting this Thursday.
Robinsons Bank profit climbs
ROBINSONS BANK Corp.’s consolidated net earnings surged in the first quarter on the back of higher operating income.
BSP tells banks to ramp up consumer protection
THE BANGKO SENTRAL ng Pilipinas (BSP) urged financial institutions to beef up their safeguards against scammers amid complaints on reported scams and fraudsters.
Peso strengthens to P49:$1 level on record reserves
THE PESO climbed to the P49-per-dollar level on Wednesday as market sentiment improved due to data showing record-high dollar reserves as well as positive leads on the US-China trade deal.
Gov’t makes full award of 5-year bonds
THE GOVERNMENT fully awarded the reissued five-year Treasury bonds (T-bonds) it auctioned off on Tuesday despite a climb in yields amid strong demand.
BDO to buy out Nomura in joint venture
BDO Unibank, Inc. is seeking full control of its joint venture with Tokyo-headquartered Nomura Holdings, Inc. in a bid to consolidate its brokerage business.